# Huafon Chemical expands PTMEG project investment by CNY800M

Huafon Chemical announced an additional investment of 800 million yuan to expand the PTMEG unit capacity from 120,000 tons/year to 240,000 tons/year as part of its Spandex Industry Chain Deepening Project.

- Type: Expansion
- Announced: 2024-07-12
- Where: China
- Value: $110.0M (800.0M CNY)
- Status: announced
- Capacity: 240,000 tons/year PTMEG
- Products: PTMEG (polytetramethylene ether glycol)
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Huafon Chemical](https://endata.com/companies/78630.md)

## Sources

- [chinatexnet.com](https://www.chinatexnet.com/textile-news/2024-07-16/992355.html), 2024-07-16: "Huafeng Chemical announced that... the company plans to adjust the original 'Spandex Industry Chain Deepening Project'... increase investment by 800 million yuan... to expand production capacity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.